What RERA is
The Real Estate (Regulation and Development) Act, 2016 is central legislation intended to bring transparency and accountability to the real estate sector. Each state has a regulatory authority; in Maharashtra this is MahaRERA.
Project registration
The Act requires specified real estate projects to be registered with the state authority before they are advertised, marketed or sold, subject to the exemptions set out in the Act and applicable rules.
Promoter obligations — broad areas
- Disclosure of project details on the authority's website
- Maintaining project funds as required by the Act
- Periodic updates and compliance filings
- Registration of real estate agents involved in sales
Before you act
Thresholds, timelines, formats and fees are set by the Act, state rules and MahaRERA orders and circulars, which are updated from time to time. Always refer to the official MahaRERA website and consult a qualified professional.
Disclaimer: This article is general information only and is not legal, tax or financial advice. Laws and procedures change; consult a qualified professional for your specific case. See our disclaimer.